company background image
71

Miramar Hotel and Investment Company SEHK:71 Stock Report

Last Price

HK$13.10

Market Cap

HK$9.1b

7D

-0.8%

1Y

-9.5%

Updated

08 Aug, 2022

Data

Company Financials
71 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

71 Stock Overview

Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in the People's Republic of China.

Miramar Hotel and Investment Company Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Miramar Hotel and Investment Company
Historical stock prices
Current Share PriceHK$13.10
52 Week HighHK$14.90
52 Week LowHK$11.70
Beta0.42
1 Month Change-5.62%
3 Month Change5.82%
1 Year Change-9.53%
3 Year Change-13.25%
5 Year Change-25.40%
Change since IPO94.07%

Recent News & Updates

Jun 08
Miramar Hotel and Investment Company (HKG:71) Is Paying Out Less In Dividends Than Last Year

Miramar Hotel and Investment Company (HKG:71) Is Paying Out Less In Dividends Than Last Year

Miramar Hotel and Investment Company, Limited's ( HKG:71 ) dividend is being reduced to HK$0.26 on the 8th of July. The...

Apr 28
Miramar Hotel and Investment Company (HKG:71) Will Pay A Smaller Dividend Than Last Year

Miramar Hotel and Investment Company (HKG:71) Will Pay A Smaller Dividend Than Last Year

Miramar Hotel and Investment Company, Limited's ( HKG:71 ) dividend is being reduced to HK$0.26 on the 8th of July. The...

Shareholder Returns

71HK HospitalityHK Market
7D-0.8%0.8%0.2%
1Y-9.5%-22.3%-21.9%

Return vs Industry: 71 exceeded the Hong Kong Hospitality industry which returned -18.9% over the past year.

Return vs Market: 71 exceeded the Hong Kong Market which returned -20.5% over the past year.

Price Volatility

Is 71's price volatile compared to industry and market?
71 volatility
71 Average Weekly Movement4.1%
Hospitality Industry Average Movement7.3%
Market Average Movement6.6%
10% most volatile stocks in HK Market12.8%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 71 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 71's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19481,138Martin Leehttps://www.miramar-group.com

Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in the People's Republic of China. It leases office and retail premises; and operates hotels and serviced apartments, as well as provides hotel management services. The company also operates restaurants; offers travel agency, property management, and financial services; and sells properties.

Miramar Hotel and Investment Company Fundamentals Summary

How do Miramar Hotel and Investment Company's earnings and revenue compare to its market cap?
71 fundamental statistics
Market CapHK$9.05b
Earnings (TTM)HK$329.96m
Revenue (TTM)HK$1.25b

27.4x

P/E Ratio

7.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
71 income statement (TTM)
RevenueHK$1.25b
Cost of RevenueHK$557.77m
Gross ProfitHK$689.26m
Other ExpensesHK$359.30m
EarningsHK$329.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)0.48
Gross Margin55.27%
Net Profit Margin26.46%
Debt/Equity Ratio0%

How did 71 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

96%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 71 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 71?

Other financial metrics that can be useful for relative valuation.

71 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 71's PE Ratio compare to its peers?

71 PE Ratio vs Peers
The above table shows the PE ratio for 71 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.8x
308 China Travel International Investment Hong Kong
46.8x28.7%HK$8.1b
780 Tongcheng Travel Holdings
47.2x41.9%HK$35.9b
201 Magnificent Hotel Investments
13.1xn/aHK$858.9m
219 Shun Ho Property Investments
7.9xn/aHK$542.3m
71 Miramar Hotel and Investment Company
27.4xn/aHK$9.1b

Price-To-Earnings vs Peers: 71 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (28.8x).


Price to Earnings Ratio vs Industry

How does 71's PE Ratio compare vs other companies in the HK Hospitality Industry?

Price-To-Earnings vs Industry: 71 is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the Hong Kong Hospitality industry average (25.2x)


Price to Earnings Ratio vs Fair Ratio

What is 71's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

71 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 71's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 71 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 71 (HK$13.1) is trading above our estimate of fair value (HK$6.41)

Significantly Below Fair Value: 71 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Miramar Hotel and Investment Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


57.0%

Forecasted Consumer Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Miramar Hotel and Investment Company has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Miramar Hotel and Investment Company performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-26.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 71 has a large one-off loss of HK$113.6M impacting its December 31 2021 financial results.

Growing Profit Margin: 71's current net profit margins (26.5%) are higher than last year (23%).


Past Earnings Growth Analysis

Earnings Trend: 71's earnings have declined by 26.2% per year over the past 5 years.

Accelerating Growth: 71's earnings growth over the past year (9.3%) exceeds its 5-year average (-26.2% per year).

Earnings vs Industry: 71 earnings growth over the past year (9.3%) underperformed the Hospitality industry 18.5%.


Return on Equity

High ROE: 71's Return on Equity (1.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Miramar Hotel and Investment Company's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 71's short term assets (HK$5.6B) exceed its short term liabilities (HK$526.9M).

Long Term Liabilities: 71's short term assets (HK$5.6B) exceed its long term liabilities (HK$513.0M).


Debt to Equity History and Analysis

Debt Level: 71 is debt free.

Reducing Debt: 71 has no debt compared to 5 years ago when its debt to equity ratio was 4.9%.

Debt Coverage: 71 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 71 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Miramar Hotel and Investment Company current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.51%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 71's dividend (3.51%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 71's dividend (3.51%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.36%).


Stability and Growth of Payments

Stable Dividend: 71's dividends per share have been stable in the past 10 years.

Growing Dividend: 71's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (96.3%), 71's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (60.5%), 71's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Martin Lee (50 yo)

16yrs

Tenure

HK$100,000

Compensation

Dr. Ka-Shing Lee, also known as Martin, GBS, JP, DSSc (Hon), has been a Joint Chairman of The Hong Kong and China Gas Company Limited since May 28, 2019. He has been Chairman and Managing Director of Hende...


Leadership Team

Experienced Management: 71's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: 71's board of directors are seasoned and experienced ( 23.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Miramar Hotel and Investment Company, Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Miramar Hotel and Investment Company, Limited
  • Ticker: 71
  • Exchange: SEHK
  • Founded: 1948
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Implied Market Cap: HK$9.052b
  • Shares outstanding: 690.96m
  • Website: https://www.miramar-group.com

Number of Employees


Location

  • Miramar Hotel and Investment Company, Limited
  • Mira Place Tower A
  • 15th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.